Dr. Beckem: How Much Of Your Income Do You Keep?

Here is a quick way to keep an eye on how much of what you earn is actually not going right back out through spending:

Your total monthly income…………. A = $____
Less your total monthly income……B = $____
Difference is how much you keep…C = $____
Percentage of income you are keeping….C/A = $____

Recommendation:

• Start with 1% if necessary and increase the percentage of income you keep.

For more answers to your Personal Finance Questions,  please visit the Life After Debt Institute. 

Dr. John Beckem is a Personal Finance Expert, Educator & Consultant.  He helps middle income individuals and families free themselves from debt and build generational wealth.

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